MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?
Market Maker
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Saudi Arabia and Russia Deepen Oil Supply Cuts
Saudi Arabia said it would extend its voluntary oil output cut of one million browse per day for another month to include August. Prices have been trending pretty consistently higher, maybe a little bit on the demand side about this whole recession talk. Morgan Stanley still going, our top pick is Microsoft is going to go up 22% potential upside from current levels.
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